lunes, 18 de junio de 2012

T-Mobile and Everything Everywhere could disappear after £8bn deal - Telegraph.co.uk

The acquisition of EE would be one of the UK's largest-ever private-equity deals, behind the £11bn takeover of Alliance Boots in 2007, which also involved KKR.

There are understood to have been discussions between the consortium and the owners of EE about a deal, but it is far from certain that Deutsche Telekom or France Telecom will be interested in selling the company.

Nonetheless, Deutsche Telekom is looking at disposing of non-core assets, while France Telecom said last week that it could float a stake in EE.

Speaking at a technology and media summit last week, Gervais Pellissier, France Telecom's finance director, said: "If EE is really on the right track in terms of synergies and if we can make a good case to investors, we might look at a listing. But my feeling is we would keep control, both of us."

However, Mr Pellissier said the owners of EE must distinguish between the "short-term value we could get from an IPO or a sale and the long-term value of being number one in the UK".

In a statement yesterday, France Telecome said: "In relation to media speculation, France Telecom clarifies that no offer from a third party to acquire the business in the UK has been received nor has one been invited.

"EE is a strong business with a clear leadership position in the UK market and its shareholders are 100pc supportive of the group, its management and its strategy."

An Everything Everywhere spokesman said: "Everything Everywhere is the UK's largest communications company, running two of Britain's biggest brands and with more than 27m customers.

"We have a clearly articulated, five-year plan for growth under the ownership of our shareholders France Telecom and Deutsche Telekom, and we are delivering on that plan.

"Our shareholders continue to invest in our business committing to £1.5bn in investment in our network over the next three years.

"We would not comment on any possible future shareholder structure of our business."

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